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Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close – Bitcoin News

August 7, 2021
Source: cryptorenegade.com cryptorenegade.com
News Snapshot:
Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to close them. Binance Ends Crypto Derivatives Offerings in Hong Kong Binance revealed on August 6 that the exchange will no longer offer crypto derivatives products to customers. The news follows the company’s current issues with global regulators and large financial institutions ceasing to service Binance....
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